Is your only experience with the currency markets involve buying traveler's checks? Do you think bulls and bears in terms of animals you see in the zoo or your backyard? If you've never traded the foreign exchange markets, then BabyPips.com was made for you.
BabyPips.com is an easy-to-understand guide for teaching beginners how to trade in the foreign exchange market. Everything you need to get started is right here.
When we first started trading forex, it was hard to find information online for beginner traders. If we did find something, the content only covered certain topics and few specialized in forex. After long hours of searching, we were only able to find a hodge podge of sites. It was extremely scattered. We had to learn about support and resistance on this site, the MACD on that site, trading psychology on yet another site, money management on another site…you get the picture.
So at one of our weekly Pampered Chef meetings, we banded together and formed FX-Men. The first thing on our To-Do list was to create BabyPips.com, so new traders such as yourself wouldn't have to suffer like us having to surf a gazillion pages all over the Web trying to find quality resources about forex trading. We want BabyPips.com to be a complete educational resource for all novice forex traders.
That said, we're not going to beat around the bush...we don't believe in get-rich-quick schemes to achieve wealth! If that's what you're looking for then go buy a lotto ticket.
We're also not going to try and trick you into thinking trading currencies is a piece of cake and that "with just 10 minutes per day" you can "go from ashy to classy" or "transform your computer into an ATM machine that only spits out Benjamins".
Learning how to consistently make some moola on Forex is no different than learning a new sport. First you gotta learn the fundamentals, get the right equipment, study the basic techniques, and practice practice practice until you become good. For some, this could take a very long time.
You’ve probably heard the famous “give a man a fish/teach a man to fish” quote by Yoda.
So we’re not going to just hand you a fish; instead, we’re going to teach you how to catch a fish. Actually we’re going to show different ways of catching a fish and just maybe you might come up with your own fishing style and method.
We want you to learn what you can from us and take the parts that you like and develop those parts into a workable trading plan that you can use it for own trading.
So now we end with this mind-boggling tongue twister:
Our goal is to help you help yourself make money by trading money...
while cracking as many corny jokes as possible along the way.
Born with no super powers (except for supreme Tetris skills and killer crossover dribbles), after being exposed to a strange market called the Foreign Exchange, we mutated from super hunky underwear models into stud-muffin currency traders, and the FX-Men was formed.
While we don’t claim to possess supertrader abilities (not yet anyway) or market wizardry, we have developed the ability to generate positive pips in the currency markets. And while we also lose pips in the market, we possess the incredible power of making more pips than we lose.
But we’re not here to project pockethole-burning bolts of “hot tips” at oblivious victims.
We, the FX-Men, are here to use our awesome abilities to protect newbie traders from losing all their money in the Forex market either from their own poor trading decisions or from the Brotherhood of Evil Marketing Wizards, the Forex’s equivalent of snake oil salesmen who lure the innocent with foolish claims of easy money and holy grails.
You’re probably wondering to yourself…”Just how are they going to be able to offer such protection without superhuman abilities?”
Since we can’t fly house to house and trade with you individually, or have freakish strength to keep them evil marketing wizards away from you, or transfer our thoughts to you using strictly our minds, we will use something more powerful...education. We're gonna educate you through BabyPips.com.
Dr. Pipslow is an ancient and revered trader of currencies. He doesn’t look like it but he’s actually 600 years old. Dr. Pipslow traded pounds when it actually weighed pounds. He is the wisest and most powerful member on BabyPips.com and has trained or partially trained every member. He achieved the status of Forex Trader at age 50 and the rank of Forex Master at 100. Following his training, Dr. Pipslow is said to have spent 100 years in self-imposed solitude, attempting to attain a higher level of understanding for the Forex. As a BabyPips.com contributor, Dr. Pipslow draws on his own experience of costly mistakes as well as the observation of others to identify and develop methods for conquering self-defeating trading behaviors, what he calls your dark side. He believes the most significant action that you can do to improve trading profits is to work on yourself. Really understanding yourself and how you think can give you an edge that others in the market don't have. And he wants to help you get that edge.
Big Pippin was born to parents whom we can only assume were the coolest cats on their block back in the day. This smooth talking, overconfident kid was someone who knew that in order to get the Bling Bling he always wanted, he would have to go beyond working the typical 9-5. Then on one magical day, he came across an advertisement regarding the Forex and instantly he knew that this was his way to getting all the Ice he ever dreamed of. However it wasn’t instant success for BP. Seeing how he was overconfident, he began trading like a maniac and he soon realized that he was actually gambling with his money. If there’s one thing Big Pippin doesn’t do, that’s gamble with his money. He started to read and learn everything about the trade and discovered Dr. Pipslow. Under the tutelage of Dr. Pipslow, along with knowledge he amassed himself, he has evolved into the true Big Pippin of the Forex.
Pipcrawler was born in Pipbuktu. He lived as an orphan, losing his parents in an oil market crash. He was taken in by a wealthy man, secret central bank robber, Mr. George Pipros, who raised him as a currency trader. Pipcrawler eventually found out his foster parent’s deep and dark secret and decided he also wanted to become a notorious central bank robber. Because Mr. Pipros wouldn’t share his secrets, Pipcrawler set out on his own. After traveling vast lands in search of another central bank robber to learn from, he ran into a monk named Pipdhi. The monk convinced him to give up his aspirations to rob central banks and to return to trading currencies. He introduced Pipcrawler to his longtime friend Dr. Pipslow who performed his voodoo mental magic on Pipcrawler. Through this process, Pipcrawler became one weird Forex trading freak. With his tremendous natural agility, Pipcrawler is able to quickly trade back and forth between currency pairs pulling positive pips at a high percentage.
Pip Diddy was originally a famous super underwear and sock model. He changed his name to avoid the pestering paparazzi but his real name is synonymous with “whitee tightees”. He grew tired of partying with gorgeous models, driving fast cars with spinning rims, and wearing large diamond chains. He wanted to start a new life (while keeping the Ice). One night at a popular disco club, he met Big Pippin. BP was kickin’ it in the VIP lounge when he saw PD from afar and wanted to introduce himself to see if he could hustle some free socks. After a few minutes of conversation, Pip Diddy told Big Pippin, “I like yo style. How do you make yo paper?” And the rest was BabyPips.com history. One of the first students of the School of Pipsology, Pip Diddy was a natural forex trader and after a year of intense effort, he began to bag positive pips left and right. Don’t be fooled by his good looks. There is a brain behind that beauty. If the foreign exchange had the equivalent of a ladies' man, he would be it. Everywhere he goes, he gets mobbed by pips. He's like a super pip magnet.
Forex Gump is his incognito name. His real name is Feras Gimp. When he was a kid, his parents would make him hunt and gather food. So every day, he would go fish at a nearby lake and gather corn from the fields. This process took him all day and left no time for him to play. Play time actually didn’t matter because he had no friends to play with anyway because they all to busy hunting and gatheing food as well. One day, while resting under an apple tree, an apple fell and hit him on the head. He came up with an idea where if he focused on just fishing and he could find somebody to focus on just gathering corn, maybe they could finish working faster and have enough time left to play. So he tried it and it worked. He wanted to fully understand why this worked and that’s where he discovered his love for economics. He later became a senior macroeconomics professor at Pipvard University in Pipston, Pipsachusetts. After several decades there, one day he decided to stop teaching. Leaving campus that afternoon, as he reversed out of the parking lot, he reversed into a pristine Bentley. It was Dr. Pipslow’s car. He had been invited by the school to demonstrate his ability to float currencies. When they met each other, Dr. Pipslow already knew who Feras was. He told Feras not to worry about his whip and explained to him that BabyPips.com needed a macroeconomics expert and wondered if he was interested. Feras was. So the following day, Feras changed his name to Forex Gump and created Piponomics.